TORONTO, ONTARIO--(Marketwired - July 13, 2016) - Romios Gold Resources Inc. ("Romios") (TSX VENTURE:RG)(OTC PINK:RMIOF)(FRANKFURT:D4R) is pleased to announce that it has retained the services of Aranea Partners, Inc. ("Aranea") to implement an investor relations program for the Company. The program will involve the introduction of the Company to appropriate analysts, portfolio managers and the media with a view to achieving a high level of awareness of Romios in the investment community, and to broaden the shareholder base.
Aranea is a boutique capital markets advisory firm that specializes in investing in and advising companies in the mining and healthcare sectors. Aranea, based in New York City, was founded by Ryan Aldridge, CFA and specifically seeks out companies led by proven and motivated teams. In consideration for the services to be provided, Romios has agreed to pay Aranea from existing working capital a monthly fee of US$2,000. In addition, Romios has granted to Aranea stock options to acquire 1,000,000 common shares at a price of C$0.20 per share, subject to vesting as required by the TSX Venture Exchange. If the contract is terminated, all unvested options will be immediately cancelled and all vested options will be required to be exercised within 30 days of the effective termination date.
Further to the news release of June 9, 2016, the Company is extending its private placement offering for 30 days, The Company is offering up to a further 2,900,000 flow through units (the "FT Units") of the Company at a price of $0.07 per FT Unit for up to a further $203,000 and up to 3,400,000 working capital units (the "WC Units") of the Company at a price of $0.06 per WC Unit for up to $204,000 (collectively, the "Offering"). The Company will leave the Offering open until the earlier of the sale of the WC Units and the remaining FT Units or August 11, 2016.
Each WC Unit consists of one (1) common share and one (1) common share purchase warrant (a "WC Warrant"). Each WC Warrant entitles the holder to purchase one (1) common share (a "WC Warrant Share") exercisable at a price of $0.12 per WC Warrant Share until the earlier of: (i) one (1) year following the Closing Date; and (ii) in the event that the closing price of the Common Shares on the TSX Venture Exchange is at least $0.20 for twenty (20) consecutive trading days, and the 20th trading day (the "Final Trading Day") is at least four (4) months from the Closing Date, the date which is thirty (30) days from the Final Trading Day (the "Trigger Date").
Each FT Unit is priced at $0.07 and consists of one (1) common share and one-half (1/2) of one Warrant. Each full Warrant entitles the holder to purchase one (1) Warrant Share exercisable for a period of one (1) year following the Closing Date, subject to earlier expiry on the Trigger Date, at a price of $0.15 per Warrant Share.
About Romios Gold Resources Inc.
Romios is a progressive Toronto based Canadian mineral exploration company established in 1995, and is actively engaged in precious and base metal exploration, recently focused on gold, silver and copper in its properties in British Columbia, centrally located between Galore Creek Mining Corporation's large copper-gold-silver deposit and Barrick's high grade gold mine at Eskay Creek. Other property interests are in Northern Ontario, Quebec and Nevada.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.